Gold and silver prices rose on January 15, supported by demand for safe-haven assets amid global uncertainty.
In Delhi, 24-carat gold was priced at Rs 144,160 per 10 grams, while 22-carat gold stood at Rs 132,160 per 10 grams on the morning of January 15. In Mumbai, 24-carat gold was trading at Rs 144,010 per 10 grams and 22-carat gold at Rs 132,010 per 10 grams.
Prices also increased across other major cities. In Chennai and Kolkata, 24-carat gold was priced at Rs 144,010 per 10 grams and 22-carat gold at Rs 132,010 per 10 grams. Bengaluru and Pune reported the same levels, with 24-carat gold at Rs 144,010 per 10 grams and 22-carat gold at Rs 132,010 per 10 grams.
In Delhi, Jaipur, Lucknow and Chandigarh, 24-carat gold was priced at Rs 144,160 per 10 grams and 22-carat gold at Rs 132,160 per 10 grams. In Ahmedabad and Bhopal, 24-carat gold reached Rs 144,060 per 10 grams and 22-carat gold Rs 132,060 per 10 grams. In Hyderabad, 24-carat gold was around Rs 144,010 per 10 grams and 22-carat gold around Rs 132,010 per 10 grams.
Global gold prices have been supported by rising demand for safe-haven assets amid geopolitical concerns, including unrest in Iran and the Russia-Ukraine conflict. Expectations of further interest rate cuts by the US Federal Reserve have also contributed to the upward movement in gold prices.
Market uncertainty has increased following reports that the US Attorney’s Office has initiated a criminal investigation against Federal Reserve Chair Jerome Powell, adding to volatility in global markets.
In the international market, spot gold rose to $4,640.13 per ounce, supported by increased safe-haven demand and instability in the US dollar.
Silver prices also moved higher. In the domestic market, silver was priced at Rs 290,100 per kilogram on the morning of January 15. In overseas markets, spot silver crossed the $91 per ounce mark for the first time and reached a record level of $91.56 per ounce, driven by safe-haven demand and industrial requirements.
